Posts Tagged ‘KY’
Wednesday, July 6th, 2011
 LOUISVILLE, KY - MOBIbucks, which sells cardless mobile payment and marketing software, has raised $5 million in Series A funding. Acadia Woods Partners, a New York-based technology, media and life science venture capital firm, led the round which also included the participation of several new and original angel investors.
The investment fuels MOBIbucks’ growth in key markets around the world and funds customer service in support of new installations.
MOBIbucks is the only mobile payment solution for making purchases using just a mobile phone number — it does not require cash, a card or even a mobile phone to be in the user’s possession to be used. The company’s mobile marketing and rewards solution is a powerful, paperless, cardless merchandising tool to offer coupons, loyalty rewards, gift cards and even online ordering.
“We believe there is an enormous market for mobile commerce applications, in which MOBIbucks is positioned to be a leader. MOBIbucks offers the first cardless, mobile phone agnostic, wireless operator independent, free from card association road blocks payment platform,” said Jorge Fernandes, CEO of MOBIbucks.
Fernandes has a point. Mobile commerce looks as if it may eventually dominate digital commerce and easy payment methods are likely to help fuel its growth.
Tags: Acadia Woods Partners, cardless mobile payment solution, financing, KY, Louisville, MOBIbucks, New York
Posted in Internet/New Media, Kentucky, Money, Other SE | Comments Off
Wednesday, April 6th, 2011
 TUCKER, GA – CoalTek, which transforms low-grade goal into “clean coal,” has raised $2 million of a mixed securities round targeted at $3 million, according to a regulatory filing.
CoalTek, which presented at TechJournal South’s first annual Southeast Venture Conference in 2007, has raised more than $53 million in venture backing from investors who inlcude LIghtspeed Venture Partners, Warburg Pincus, Element Partners, Braemar Energy Partners, and Draper Fisher Jurvetson.
The CoalTek process converts low grade, “dirty” coal into high grade “clean coal” at a cost competitive with the highest quality raw coals.
The technology uses electromagnetic energy to reduce the moisture, ash, sulfur and mercury in coal and to make it burn more efficiently and cleanly.
The process was developed, tested, and proven over eight years by Dr. Jerry Weinberg, the company’s co-founder, along with chief geologist Neil Ginther.
Weinberg, an astrophysicist with achievement awards from NASA, used independent laboratories to confirm his findings. CoalTek Inc. owns and has patent-protected all the intellectual property for its technology.
CoalTek opened its first commercial processing facility in Calvert City, Kentucky in 2006.
TechJournal South is a TechMedia company. TechMedia presents the annual conferences:
SoutheastVentureConference: www.seventure.org
Internet Summit: www.internetsummit.com
Digital East: www.digitaleast.com
Digital Summit: www.digitalsummit.com
Tags: Braemar Energy Partners, Calvert City, clean coal, CoalTek, Draper Fisher Jurvetson, Element Partners, financing, GA, KY, LIghtspeed Venture Partners, SEVC, Tucker, Warburg Pincus
Posted in Energy, Georgia, Money | Comments Off
Friday, December 10th, 2010
 LOUISVILLE, KY – ZirMed, a company revenue cycle management solutions to healthcare providers has raised an undisclosed amount of venture backing from Sequoia Capital, according to VentureWire.
Founded in 1999, ZirMed is an information technology company that says it simplifies the complexities of healthcare payments for providers and their patients.
ZirMed solutions include eligibility verification, credit/debit card processing, check processing, claims management, coding compliancy and reimbursement management, electronic remittance advice, patient statements, patient e-commerce solutions, provider credentialing, and lock box services.
Tags: financing, healthcare revenue cycle management, KY, Louisville, Sequoia Capital, Zirmed
Posted in Healthcare, IT, Kentucky, Money, Other SE | Comments Off
Wednesday, November 24th, 2010
 LEXINGTON, KY – EnergyOne Technologies Inc., a provider of renewable energy solutions and next generation technologies, has appointed co-founder Michael Jones as its president and co-founder Michael Van Steenburg as its Chief Technology Officer.
Jones comes from the electric utility industry with over 30 years of experience and has an extensive background in renewable energy, risk management, regulatory administration, power contracts, utility finance, and engineering and construction. In 2008, Jones founded Pacific Bluegrass Solar and served as CEO until its merger with EnergyOne in 2010.
In 2002, Jones founded Phoenix Motorcars, a manufacturer of full size, freeway speed Electric Vehicles and raised over $40 million in private equity investments. In 2007, Phoenix Motorcars was invited to the White House to meet with former President George Bush to discuss electric vehicle technologies, with the President test driving the all electric sport utility truck. Phoenix Motorcars was awarded the U.S. Department of Energy’s Energy Innovators Award for 2008. Mr. Jones holds a Degree in Business Management from Pepperdine University.
Van Steenburg is a veteran technology expert who has managed several technology companies and led teams of engineers on all types of advanced technology development programs over the past 20 years. He has created and developed a substantial amount of intellectual property in the green technology area, ranging from structurally insulated panel systems to advanced electric motor drive systems for electric vehicles.
Van Steenburg’s previous companies have been suppliers to many Fortune 500 companies and currently have development contracts with large OEMs. He holds a Degree in Mechanical Engineering from the University of Texas at San Antonio and is in the process of completing his MBA.
Tags: KY, Lexington, Michael Jones, Michael Van Steenburg
Posted in Energy, Kentucky, Other SE, People | Comments Off
Tuesday, November 16th, 2010
 CHARLOTTE, NC – Tree.com, Inc. (Nasdaq: TREE), the parent company of LendingTree, has agreed to acquire Louisville, KY-based SurePoint Lending, the business name of First Residential Mortgage Network Inc. in a deal worth up to $23 million.
Tree.com will pay SurePoint shareholders an aggregate purchase price of $6 million in cash and contingent consideration up to an aggregate additional $17 million pursuant to earn out provisions over the next three years.
A LendingTree network lender for 11 years, SurePoint has originated more than $10 billion in closed loans since inception and was named the number one refinance lender on the LendingTree network in 2009. Headquartered in Louisville, SurePoint has nearly 500 employees, including more than 300 licensed loan officers, and operates branch locations in Nashville, TN, Tampa, FL, and Indianapolis, IN.
Tags: acquistion, Charlotte, KY, Louisville, NC, SurePoint Lending, tree.com
Posted in Acquisitions, Carolinas, Internet/New Media, IT, Kentucky, North Carolina, Other SE | Comments Off
Thursday, September 2nd, 2010
 CHARLOTTE, NC – Welsh Carson, Anderson & Stowe, a private equity firm, and Peak 10′s executive management have acquired a majority stake in the company. Financial details were not disclosed.
Selling shareholders include majority owner Seaport Capital, a New York-based private equity firm and McCarthy Capital, an Omaha, Neb.-based private equity fund.
Peak 10’s existing management team, led by Co-Founder, President and CEO David Jones will continue to operate the business.
Jones said, “Our partnership with Welsh Carson enables Peak 10 to continue increasing the scale of our business to meet the high demand for data center infrastructure and related managed services. Our strategic focus remains intact but our resources now position us to more rapidly extend our geographic footprint, strengthen our team and further accelerate our managed services and cloud offerings.”
Peak 10 has managed a path of steady and consistent growth achieved through expansion in the greenfield markets of Jacksonville, FL.; Charlotte, NC.; Tampa, FL. and Raleigh, NC, and through acquisitions of established data center companies in Louisville, KY; Nashville, TN.; Richmond, VA and, most recently, Fort Lauderdale, FL.
In 2007 and early 2008, Peak 10 opened greenfield data centers in Atlanta, Ga. and Cincinnati, Ohio respectively. Over the last two years Peak 10 has completed construction of additional facilities in five of its markets to meet customer growth and demand.
The transaction is expected to close in early October.
Tags: Acquisitions, Atlanta, Charlotte, FL, Fort Lauderdale, GA, KY, Louisville, Nahsville, NC, Peak 10, Raleigh, Richmond, TN, VA, Welsh Carson
Posted in Acquisitions, Carolinas, Florida, Georgia, Kentucky, North Carolina, Other SE, Potomac, Tennessee, Virginia | Comments Off
Wednesday, July 21st, 2010
 ATLANTA – Navigation Capital Partners, an Atlanta-based middle market private equity firm, has acquired LEPService Inc., an Atlanta-based provider of advanced metering infrastructure – related services to electric utilities in the Southeastern U.S. Financial details were not disclosed. The company is also looking for additional acquisition targets for its utility data management initiative.
LEPService is the second in a series of acquisitions planned by NCP in support of its initiative to build an industry-leading provider of value-added field and data management services to electric, water and gas utilities.
NCP seeks additional acquisitions
NCP says it is seeking additional, high-quality companies to be a part of this initiative. Ideal companies currently provide field services, data management solutions and/or data hosting solutions to customers in the utility sector.
LEp Helps utilities bring intelligence to various portions of their transmission and distribution infrastructure. NCP plans to merge LEPService with its previous acquisition in this sector, Specialized Technical Services Holdings Inc. (STS), to create a platform company able to offer utility customers a full array of AMI-related services.
STS, based near Lexington, KY, is a leading provider of smart grid infrastructure upgrades and meter-related services to municipal, co-operative and investor-owned utilities.
Tags: Acquisitions, Atlanta, electric metering, KY, LEPservice, Lexingtion, Navigation Capital Partners, smart grid, STS
Posted in Acquisitions, Energy, Georgia, IT, Kentucky, Other SE | Comments Off
Tuesday, June 29th, 2010
 CHAPEL HILL, NC – To promote investment in clean energy, the U.S. Department of Energy has awarded $2.2 million to a national team that includes the Environmental Finance Center at the University of North Carolina at Chapel Hill and teams in DC and Kentucky.
Other members of the team are the Center for Climate Strategies (team leaders), and Ballard Spahr law firm, both based in Washington, D.C.; Northcross, Hill and Ach law firm in San Rafael, Calif., the University of Delaware Center for Energy and Environmental Policy in Newark, Del.; and the E.P. Systems Group in Covington, Ky. The project began in April and will continue through December 2012.
The group will provide technical assistance services to state and local recipients of 2009 American Recovery and Reinvestment Act funding through the Energy Efficiency and Conservation Block Grant and State Energy Program funds. The UNC center is coordinating this effort on behalf of the nationwide Environmental Finance Center Network.
To date, it has worked with the state governments of North Carolina, Hawaii, Missouri and Wisconsin and the municipal governments of Asheville, Charlotte and Greensboro, N.C.; Knoxville, Tenn., and Los Angeles, among others.
Although governments can use existing financing strategies to adopt clean energy projects in local communities, the process can be complex. The Environmental Finance Center helps local governments navigate the unique laws of their area and the requirements of local stakeholders. The center also identifies ways to leverage their efforts through private investment or projects that can recirculate funding, such as revolving loan programs that promote job creation.
Tags: Ballard Spahr, Center for Climate Strategies, Covington, DC, DOE grant, Environmental Finance Center, KY, Systems Group, UNC Chapel Hill
Posted in Carolinas, Energy, Government/Defense, Kentucky, Money, North Carolina, Other SE, Potomac, Washington, DC | Comments Off
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